Biopesticides Market Estimated to be worth $4,369.88 Million by 2019 at a CAGR of 16.0%

The report “Biopesticides Market by Active Ingredient (Microbials & Biorationals), by Type (Bioinsecticides, Biofungicides, Bionematicides & Bioherbicides), by Application, by Formulation, by Crop Type & by Geography - Global Trends & Forecast to 2019”, defines and segments the global biopesticides market with analysis and forecasting of the global revenues for biopesticides. It also identifies the driving and restraining factors for the global biopesticides market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.

Biopesticides are widely used for controlling insects and disease-causing pathogens. Bioinsecticides, biofungicides and bionematicides are rapidly growing market segments and are expected to boost the demand for biopesticides in near future. Increasing demand for residue-free crop protection products, which have lesser or no negative impact on environment and better safety features are key drivers of the biopesticides market.

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Biopesticides are more efficient when compared to chemical pesticides. Biopesticides are generally formulated to specifically affect the target pest and other closely related organisms, in contrast to the broad spectrum of the chemical pesticides that may affect many other organisms as different as birds, insects, and mammals through food chain. Biopesticides are often effective in very small quantities and decompose quickly, thereby preferable as per environmental concerns. When used as a component of the Integrated Pest Management (IPM) programs, biopesticides can greatly decrease the use of conventional pesticides, while not affecting the crop yields.

Growth in the organic food market and easy registration than chemicals pesticides are driving factors for the global biopesticides market, since organic industry is dependent upon the chemical-free crop protection products to safeguard crops. Factors such as toxicity of crop protection products, environment friendliness, innovative production practices, new product offerings, increased availability, and advent of new pests are increasing the market for biopesticides, globally.

The global market for biopesticides was valued at $1,796.56 Million in 2013 and is expected to reach $4,369.88 Million by 2019, growing at a CAGR of 16.0% from 2014 to 2019. North America dominated the global biopesticides market. Europe is expected to be the fastest growing market in the near future owing to the stringent regulation for pesticides and increasing demand from organic products.

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